Global crude oil prices rise up to 5.27pc for fourth week

ISLAMABAD: Global crude oil prices rose up to 5.27 percent for the fourth straight week, climbing to a nine-week high. The global oil...

Russian central bank to seek ban on investment in cryptocurrencies

MOSCOW: The Russian central bank would like to ban investments in cryptocurrencies in Russia, seeing risks to financial stability in the rising...

Facebook to win conditional EU nod for Kustomer buy

BRUSSELS: Facebook is set to gain EU antitrust approval for its acquisition of Kustomer after offering remedies that allow rival products to...

China’s annual crude oil imports drop for first time in 20 years

SINGAPORE: China's annual crude oil imports slid 5.4% in 2021, dropping for the first time since 2001, as Beijing clamped down on...

Oil dips as investors eye US crude release, China demand concerns

SINGAPORE: Oil futures eased for a second session on Friday on expectations that Washington may soon act to cool prices that remain...

Taliban govt approves first budget

KABUL: The Taliban said on Thursday they have approved their first budget for Afghanistan since the Islamists returned to power in August,...

Markets mixed in UAE as it shifts to new working week

DUBAI: United Arab Emirates stock markets had mixed fortunes as they shifted to a new Monday to Friday working week to better...

Oil heads for best week since mid-Dec, Kazakhstan unrest stokes supply worries

MELBOURNE/BEIJING: Oil prices edged up on Friday, heading for their biggest weekly gains since mid-December, fuelled by supply worries amid escalating unrest...

Oil falls from one-month high after US fuel inventory surge

SINGAPORE: Oil prices lost ground on Thursday, falling more than $1 a barrel from their highest levels in more than a month...

Bitcoin, ether near multi-month lows

HONG KONG: Bitcoin fell below $43,000 on Thursday, testing multi-month lows after minutes from the Federal Reserve's last meeting showed it leaning...

Turkish central bank’s net FX reserves drop again to lowest since 2002

ISTANBUL: The Turkish central bank's net international reserves dropped to their lowest level since 2002 at $8.11 billion on December 31, from...

IMF delays world economic outlook release till Jan 25

ISLAMABAD: The International Monetary Fund (IMF) will release its World Economic Outlook on January 25, a week later than planned, to factor...

Indian court halts Amazon, Future arbitration in blow to US giant

NEW DELHI: A Delhi court has halted arbitration proceedings between Indian conglomerate Future Group and its estranged U.S. partner Amazon.com in light...

China’s market regulator fines Alibaba, Tencent for failing to report deals

SHANGHAI: China's top market regulator said on Wednesday it has fined units of Alibaba Group Holding Ltd, Tencent Holdings Ltd, and Bilibili Inc for...

Oil steadies as investors weigh impact of Omicron surge

NEW DELHI: Oil prices steadied on Wednesday as investors assessed the impact of a massive spike in COVID-19 cases caused by the...